This is a gutsy comment from a senior individual at listed CNR. Kudos (in 'The Australian' online on Friday 13 January 2023):
"...Gerhard Ziems, chief financial officer at Coronado Global Resources Inc., which runs coal mines in the U.S. and Australia, said exporters are mindful of the cost and disruption caused by the ban, which Beijing never formally declared was in place. China used to buy roughly a quarter of Australian coal shipped overseas.
“We are all happy that trade flows have readjusted,” said Mr. Ziems. “People don’t want to expose themselves too much anymore. We have seen what happened, and it could happen again.” Other executives have privately expressed a similar view..."
Ann: Market Update, page-17
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